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...about understanding the risk term,” he says. “Most of the outcomes aren’t forecastable, so uncertainty is the biggest permeator here.”And a “fundamental uncertainty principle,” according to economics professor Jeremy C. Stein, means that the best model fed an infinite amount of data would still fail to predict securities prices perfectly. Relying heavily on this dataset and acting according to the outputs of the models would change economic parameters so that the original assumptions are no longer valid.“Unlike...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Post-Crisis Economics | 6/3/2009 | See Source »

Read about Joel Stein's Day with the Stanley Cup Read "Give Hockey (and Me) One More Shot" Read "A Friend of the Hockey Court

Author: /time Magazine | Title: The Stanley Cup | 6/2/2009 | See Source »

Nathaniel H. Stein ’10 is an economics concentrator in Adams House. He is Head Writer of the Lampoon...

Author: By Nathaniel H. Stein | Title: Additional Budget Cuts | 6/2/2009 | See Source »

...spectacular call. He ran a victory lap of sorts on the cable news networks. A fan put together a 10-minute YouTube clip of his precrash predictions on CNBC and Fox News--complete with smirking and dead-wrong rebuttals from the likes of Arthur Laffer and Ben Stein--that has been watched more than 1.3 million times. ("What makes that clip so good is not so much me as everybody else," Schiff says. "People like laughing at people...

Author: /time Magazine | Title: Why We Should Listen to Peter Schiff's Bad News | 6/1/2009 | See Source »

...heavyweight varsity eight narrowly edged a tenacious Brown crew on April 11 to take the Stein Cup. The heavies then proceeded to sweep their next three regattas, coming in first in all of its dual races...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: SEASON RECAP: Crew Hopes for Top Finish | 5/30/2009 | See Source »

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